Mackenzie Financial Corp raised its stake in shares of Solar Senior Capital Ltd (NASDAQ:SUNS) by 37.3% during the 4th quarter, HoldingsChannel reports. The fund owned 40,000 shares of the asset manager’s stock after acquiring an additional 10,877 shares during the period. Mackenzie Financial Corp’s holdings in Solar Senior Capital were worth $710,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in Solar Senior Capital by 19.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 542,976 shares of the asset manager’s stock valued at $9,453,000 after acquiring an additional 87,062 shares in the last quarter. West Family Investments Inc. lifted its stake in Solar Senior Capital by 0.9% during the 4th quarter. West Family Investments Inc. now owns 500,309 shares of the asset manager’s stock valued at $8,886,000 after acquiring an additional 4,700 shares in the last quarter. BlackRock Inc. lifted its stake in Solar Senior Capital by 11.9% during the 4th quarter. BlackRock Inc. now owns 103,232 shares of the asset manager’s stock valued at $1,833,000 after acquiring an additional 10,982 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Solar Senior Capital by 18.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 50,673 shares of the asset manager’s stock valued at $874,000 after acquiring an additional 7,860 shares in the last quarter. Finally, OxFORD Asset Management LLP lifted its stake in Solar Senior Capital by 24.8% during the 3rd quarter. OxFORD Asset Management LLP now owns 33,478 shares of the asset manager’s stock valued at $583,000 after acquiring an additional 6,644 shares in the last quarter. Institutional investors and hedge funds own 28.46% of the company’s stock.
A number of equities research analysts have recently commented on the company. BidaskClub upgraded Solar Senior Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, March 2nd. Zacks Investment Research cut Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Friday, January 5th.
Shares of Solar Senior Capital Ltd (NASDAQ SUNS) opened at $16.78 on Monday. The company has a market capitalization of $269.14, a price-to-earnings ratio of 11.99, a PEG ratio of 2.39 and a beta of 0.62. Solar Senior Capital Ltd has a 52 week low of $16.10 and a 52 week high of $18.46.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 22nd will be paid a dividend of $0.1175 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 8.40%. This is a boost from Solar Senior Capital’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, March 21st. Solar Senior Capital’s payout ratio is presently 96.58%.
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Solar Senior Capital Company Profile
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans.
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